The market is poised for another positive day as investors react to revised GDP numbers which show that the economy grew faster than previously thought at the end of last year. According to the Commerce Department, the economy grew at 3.1% during the fourth quarter, which is higher than analysts had been expecting to see. Going into today's report analysts had been expecting to see revised GDP output of 3.0%. Last month ...

Strong first quarter earnings from Caterpillar Inc. (CAT) have helped pushed the market higher to start off the week. Shares of Caterpillar are up 4.5% on the day to $71.91, up $3.13 following better than expected results this morning before the market opened. Analysts were forecasting $0.39 per share, and the company easily outpaced those estimates with a reported $0.50 per share. Revenues were a bit shy of analyst estimates, but the stock ...

The market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears. The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%. General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to ...

The DOW closed at its highest in a year, as the market had its best week in the past 2 months, and snapping a two week losing streak. For the week, the DOW was up 4%, with the Nasdaq and S&P both up an impressive 4.5%. We got a couple pieces of good news today. The Commerce Department noted that the trade deficit fell by 3.6%, and we also got news that ...

For the first time in over 11 years, the market dropped below the psychological 7,000 mark today, as investors continue to weigh concerns over a struggling financial sector, and worry over how deep and long lasting the current session is going to wind up being. When the smoke finally settled this afternoon, the DOW showed a hefty 4.2% loss, closing all the way down at 6,763.29.  The NASDAQ also took a ...

Friday was another sell off for the market, as investors continue to show fear ahead of a plan out of Washington on how to reverse the current recession that seems to be deepening with each passing day. The DOW was down 1.04% today, the NASDAQ traded 0.5% lower, and the S&P dropped another 1.0% in today's trading. For the week, the DOW dropped a total of 5.2%, and is sitting at lows ...

Taking a look at futures trading this morning indicates that the market is going to get off to a tough start for the trading day of February. Investors continue to express concern that the stimulus package that was recently passed in the House is not going to get passed when the Senate gets its chance to vote on the new plan. There is still a good deal of concern over what ...

It has definitely been a tough market lately, and today looks like another market crash, but we have here a few stocks that were upgraded this morning, and should have OK days as a result Chico’s FAS (CHS) : Thomas Weisel lifted its rating on the stock to a market weight. Estee Lauder (EL) : Piper Jaffray lifted its rating on the stock from a sell rating to a neutral. Jetblue (JBLU) : ...

Another tough day ahead of us on Wall Street, as international markets have sold off about 4% today on widening fears over the slowing global economy. Look for another sell off on Wall Street, as futures are indicating a very sharp drop at the open. After the volatile week last week, many of us had some hopes that the Bush approved $700 billion bailout plan that was passed late on Friday ...

Yesterday was brutal on the stock market, with the largest one day drop in history, as the DOW fell 777 points, a decline of nearly 7. The Nasdaq dropped by even more on a percentage basis, with a decline of 9.14%, and the S&P gave back 8.8% yesterday. Futures are trading higher today, but it is going to take a lot more than one day of upside to make up what ...